NEW DELHI—Early last month, Prime Minister Narendra Modi summoned his cabinet to a room in India’s capital, told them to leave their cellphones outside and delivered a shocker: He was about to go on national television to declare that almost 90% of the country’s paper money would no longer be legal tender. The move, prepared in secret by Mr. Modi and his advisers, kicked off a radical […]
The prospect of a more aggressive Federal Reserve and a surge in the oil price hit global bonds on Monday, sending the yield on the benchmark 10-year Treasury note above 2.5 per cent for the first time since 2014. Treasuries have led a sharp sell-off in sovereign bonds since Donald Trump’s victory in last month’s US election, raising the prospect that Fed officials will have to raise […]
Photo Credit Angie Wang More than 25 years ago, at the height of the effort to pass hate speech codes on college campuses, I wrote a monograph about how to do it without censorship. It began with a quotation from a student who had been bullied because he was Asian-American: “I wish they had hit me.” If he had been beaten, he said, the damage would have […]
From July 1 2017, users of fixed-line broadband capable of 25Mbps or more are set to be hit with a AU$7 monthly charge, to be contributed to a Regional Broadband Scheme, under draft legislation released by the government on Monday. Citing a net cost of AU$9.8 billion to NBN over the next 30 years due to running non-profitable fixed wireless and satellite services, while still needing to […]
Authorities in southern India are on alert as a cyclone moving toward the country’s southeastern coast intensifies, weather officials said. Cyclone Vardah, packing winds of up 110-120 kilometers an hour (68-74 miles per hour) is moving in from the Bay of Bengal and is expected to make landfall at Chennai in the southern state of Tamil Nadu later today, the India Meteorological Department said Monday. The cyclone, […]
Owners of some of the latest Android flagship devices and a number of handsets will now be able to unlock their bootloaders thanks to the efforts of the TeamWin Recovery Project. North American variants of the ZTE Axon 7 and the OnePlus 3T as well as the Samsung Galaxy Grand Prime, LeEco Le 2, BQ Aquaris U Plus, Aquaris U Lite and Aquaris U already have their […]
This is part of a series on the global rise of exchange traded funds Each day, the investing public hears news of the latest developments in exchange traded index funds (ETFs). But rare is the mention of traditional index funds, which I call Tifs, although the acronym has yet to gain acceptance. In 1976, I created the first Tif. It was named First Index Investment Trust (now […]
The NSW Department of Industry’s Division of Resources and Energy (DRE) has tasked Singapore-based data startup Latize with helping it transform mining safety and incident analysis processes using data intelligence. While the value of the contract has not been disclosed, Latize said DRE is the first local government client it has acquired since opening up an office in Sydney in June. The deal comes at a time […]
EAST RUTHERFORD, N.J. — Giants fans began booing early in the third quarter of their team’s game with the Dallas Cowboys on Sunday night. It was an impressive show of restraint. Booing in the first quarter would have been understandable. The Giants’ offense certainly deserved it. Odell Beckham Jr., who had dropped two crucial passes, knew that. “I walked onto the field and told myself, ‘You need […]
IT management and consultancy firm ASG Group expects to be wholly acquired by Japan’s Nomura Research Institute (NRI) before the year is out, after the Federal Court of Australia gave the nod to the arrangement on Monday. Announced in September, NRI will pay approximately AU$349 million for 100 percent ownership of ASG. ASG told shareholders on Monday that a copy of the court’s order is to be […]
Monday 02.15 GMT Overview Markets around Asia were mostly higher, buoyed by a surge in oil prices and following on from another set of records for Wall Street on Friday. Hot topic Ahead of the Federal Reserve’s policy meeting on Wednesday, government bond yields are hovering at their highest levels in months. Of note, the yield (which moves inversely to price) on the benchmark 10-year US Treasury […]
Photo: Bullit Marquez, AP FILE – In this Dec. 2, 2016, file photo, protesters burn a mock American flag during a protest against the planned joint US-Philippines military exercise in central Philippines in front of the U.S. Embassy in Manila, Philippines. The Philippines has again thumbed its nose at the U.S., its longtime defense ally, saying it won’t be used as a springboard for U.S. ships and […]
Boeing officials, already dismayed by Mr. Trump’s attack last week over the costs of a new Air Force One, acknowledged that the Iran jet deal still faced contingencies — a polite way of saying they were deeply worried about whether Mr. Trump and the Republican-led Congress would support it. Continue reading the main story Beyond that deal, Boeing and other companies that export jet engines, high-tech products […]
2016 was a big year for VR (Image: Jake Smith/ZDNet) Virtual reality isn’t some weird concept coming in the distant future. It’s here. It’s been a major year in VR, with many consumer options now on the market from big hardware players in time for Christmas 2016’s shopping rush. We saw the breakout of Facebook, Google, Sony, and others with their first headsets aimed at the masses. […]
Al Ain-based Al Dahra Agriculture has announced that it has completed the acquisition of a majority stake in Australian feed processor Glenvar Hay. The purchase will lead to the formation of a new entity called Al Dahra Glenvar Hay Pty Limited, a statement said. Glenvar Hay has been producing a variety of quality feed products since 1925 and has an established sales network domestically in Australia and […]
It was a wild second half, made even wilder as the Eagles resorted to sideline tryouts for a new longsnapper after a series of injuries. Brent Celek, a tight end, was sent out for one attempt but his snap was fumbled by Donnie Jones resulting in a turnover on downs that Washington converted into a touchdown. Trey Burton, also a tight end, then got a shot and […]
Mobile computing in 2016 was quite literally explosive, but when you look beyond the schadenfreude of watching Samsung mishandle its defining crisis of the year, the past 12 months have hardly set the world alight. The best example of the current state of affairs is the Google Pixel XL. Technically, this is the best Android phone on the market at the moment. Its 5.5-inch AMOLED screen is […]
11 December 2016 Dubai: Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU reflects both parties’ commitment to achieving the UAE’s vision […]
During the gradual rapprochement between the US and Muammer Gaddafi’s Libya in February 2007, Rex Tillerson visited the country and met its leader in his traditional tent. As chief executive of ExxonMobil, the world’s largest listed oil company, Mr Tillerson had an interest in opening up access to Libya’s vast reserves, but his visit was also a milestone in the progress towards normal relations with the US. […]
Opec has won the backing of countries outside the oil cartel to join supply cuts for the first time since 2001, overcoming the final major obstacle for a global agreement to curb output. Russia, the biggest oil exporter outside the group, alongside 10 other countries such as Mexico, Oman and Azerbaijan on Saturday agreed to reduce their production by 558,000 barrels a day. A new geopolitical dynamic […]
A new kind of ransomware comes with its own “referrals” program, one that you probably wouldn’t want to join. The malware called dubbed “Popcorn Time” locks your Windows computer’s files with strong AES-256 encryption, until you a pay a ransom of one bitcoin (or $780 at the time of writing). (Image: MalwareHunterTeam) But this ransomware comes with a twist. The lock screen will let you unlock your […]
Photo Mayor Nir Barkat of Jerusalem says he is optimistic that when Donald J. Trump is president, he will move the United States Embassy from Tel Aviv to Jerusalem, whose status is contested by Israel and the Palestinians. Credit Associated Press/Tsafrir Abayov The mayor of Jerusalem says that he is optimistic that once Donald J. Trump becomes president, the United States will quickly move its embassy in […]
August remains undetected while stealing data. Image: iStock Cybercriminals are using personalized malware campaigns against staff at retailers in order to steal credentials and sensitive documents. A group known as TA530, is distributing the information stealing malicious software through socially engineered emails which encourage victims to download an attachment containing the relatively new ‘August’ malware (lines in the malware’s code as well as the control panel for […]
Photo A nun surveyed the scene after a deadly bombing at St. Mark’s Cathedral in Cairo on Sunday. Credit Amr Abdallah Dalsh/Reuters CAIRO — A bomb ripped through a section reserved for women at Cairo’s main Coptic cathedral during Sunday morning Mass, killing at least 25 people and wounding 49, mostly women and children, Egyptian state media said. The attack was the deadliest against Egypt’s Christian minority […]
